Wasatch Core Growth and Small Cap Growth Funds to Close to New Investors

USA Utah News

Wasatch Core Growth and Small Cap Growth Funds to Close to New Investors

SALT LAKE CITY, June 29, 2020 (BUSINESS WIRE) —

Wasatch Global Investors announced today that effective at 4:00 p.m. EST on July 31, 2020, the Wasatch Core Growth and Small Cap Growth Funds–and related institutional strategies–will be “soft closed” to new investors. The Funds will be closed to new purchases, except purchases by new shareholders purchasing directly from Wasatch Funds, existing shareholders, and current and future clients purchasing through certain intermediaries, financial advisors and retirement plans with an established position.

“We reopened these Funds in March as market volatility and dislocations presented a special opportunity for long-term investors,” said JB Taylor, CEO of Wasatch Global Investors. “We take capacity seriously and now believe it is necessary again to close these Funds before asset growth impacts performance.”

 Funds to Soft Close Effective July 31, 2020
----------------------------------------------------------------------------------- Wasatch Fund Share Classes Portfolio Management
-------------- ----------------------------------- ---------------------------------- Core Growth Investor - WGROX JB Taylor, Lead Portfolio Manager Institutional - WIGRX Paul Lambert, Portfolio Manager Mike Valentine, Portfolio Manager
-------------- ----------------------------------- ----------------------------------

About Wasatch Global Investors

Wasatch Global Investors is a 100% employee-owned investment manager founded in 1975 and headquartered in Salt Lake City, Utah. Named after the nearby Wasatch Mountain Range, the firm brings unparalleled experience to U.S. and international micro-, small- and mid-cap investing with a culture that emphasizes collaboration, excellence and intellectual curiosity. Wasatch had $21.1 billion in assets under management as of May 31, 2020. Wasatch Global Investors is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.

Risks

Mutual fund investing involves risks and loss of principal is possible. Investing in small or micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds. Investing in foreign securities, especially in emerging markets, entails special risks such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. The investment objective of the Funds is long-term growth of capital.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit wasatchglobal.com or call (800) 551-1700. Please read it carefully before investing.

Wasatch Funds are distributed by ALPS Distributors, Inc. (ADI). Eric Bergeson is a registered representative of ADI. ADI is not affiliated with Wasatch Global Investors.

WAS005239 Exp: 12/31/2020

(C) 2020 Wasatch Global Investors. All Rights Reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200629005050/en/

SOURCE: Wasatch Global Investors

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Eric Bergeson
p: (801) 533-0777 / eric@wasatchglobal.com

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